Industry News

Kingfisher Airlines Ltd, the now defunct airline founded by Mallya, owes banks more than Rs.9, 000 crore in loans."/>
Vijay Mallya told to appear before money laundering court on 29 July [Mint, New Delhi]
Triangle Petroleum Corporation. Neither TPLM nor its affiliated company,..."/>
Triangle USA Petroleum Corporation Commences Restructuring With Strong Support From Majority of Noteholders
ASE concludes quarterly review [Jordan Times, Amman]
Delta Air Lines acted erratically and made threats to public officers, according to a Metro Police report. He spoke of "planes that fall out of the sky" and there being a "reason for it." Neutne Williamson was not allowed to board an airplane and was warned more than 30 times to leave the airport peacefully."/>
Police: Airplane mechanic arrested after threatening officers at McCarran [Las Vegas Sun]
AGCO Corp. has agreed to acquire Denmark-based seed and grain handling solutions provider Cimbria Holdings Ltd. for approximately USD 340 m from UK-based private equity firm Silverfleet Capital, the company said. The transaction is subject to regulatory approval and is expected to close in 3 Q16. Cimbria, based in Thisted, Denmark, makes products and solutions for the processing, handling and storage of seed and grain."/>
AGCO to Buy Danish Grain Handling Business Cimbria in USD 340m Deal
LMI Aerospace will close one of its two facilities in Wichita early this fall, citing a decline in work and cost pressures. The closure of its sheet-metal fabrication plant at 2621 W. Esthner will affect 36 employees and temporary workers. The plant, near South Meridian and Orient Boulevard, is expected to close by the end of September."/>
LMI Aerospace to close one of two Wichita plants [The Wichita Eagle]
Lockheed Martin Aeronautics and its Machinists union are reporting progress in contract talks but remain far apart on key issues as they try to avoid a crippling strike along the mile-long assembly line for the F-35 Lightning II joint strike fighter. Negotiators for Lockheed and the International Association of Machinists and Aerospace Workers District Lodge 776 continue to swap proposals and have reached agreements on..."/>
Lockheed, Machinists union report progress in contract talks [Fort Worth Star-Telegram]
ARC Group Worldwide, Inc., a leading global provider of advanced manufacturing and 3 D printing solutions, today announced that ARC won the most metal injection molding awards at the 2016 Powder Metallurgy Design Excellence Competition, sponsored by the Metal Powder Industries Federation. ARC won the Grand Prize in the Aerospace/Military Category for its metal injection molded 4605 low-alloy steel part. This part is much larger than the typical MIM part..."/>
ARC Group Worldwide Wins Most MIM Awards at 2016 MPIF Powder Metallurgy Design Excellence Competition
SolarCity, the solar energy systems installer that is the target of a..."/>
Investors call on Tesla to restructure board in wake of SolarCity merger bid [The Buffalo News, N.Y.]
Greenbrier Companies, Inc. invites shareholders and other interested parties to listen to its financial results conference call for the third quarter ended May 31, 2016, live, either over the Internet or via dial in. What: The Greenbrier Companies Q3 2016 Financial Results Conference Call. When: Wednesday, July 6, 2016 at 8:00 a.m. PDT."/>
Greenbrier announces webcast and conference call of quarterly financial results
Seaspan Corporation announced today that it has acquired two newbuilding 11000 TEU vessels from Greater China Intermodal Investments LLC for a total purchase price of $195.6 million. These vessels will commence 17- year bareboat charters with MSC Mediterranean Shipping Company S.A. upon their respective deliveries, collectively producing annual cash receipts of approximately $17.7 million in the first full year of operation."/>
Seaspan Acquires Two Newbuilding Vessels and Associated 17-Year Charters for $195.6 Million
Seaspan Corporation announced today that it has acquired two newbuilding 11000 TEU vessels from Greater China Intermodal Investments LLC for a total purchase price of $195.6 million. These vessels will commence 17- year bareboat charters with MSC Mediterranean Shipping Company S.A. upon their respective deliveries, collectively producing annual cash receipts of approximately $17.7 million in the first full year of operation."/>
Seaspan Acquires Two Newbuilding Vessels and Associated 17-Year Charters for $195.6 Million
Universal Forest Products, Inc. has been named by Forbes magazine as the best performing company in Michigan, based on total returns. For the rating, Forbes tracked every publicly traded company, selecting the top performer in each of the 50 U.S. states by evaluating their returns from June 8, 2015, to June 8, 2016. Universal had a total rate of return of 65.6 percent.."/>
Forbes names Universal Forest Products (UFPI) the Best Performing Company in Michigan
Empire Resources, Inc. announced that its Board of Directors has declared a regular cash dividend of $0.04 per share. This cash dividend is payable on July 22, 2016 to stockholders of record at the close of business on July 14, 2016.. The Board of Directors intends to review its dividend policy on a quarterly basis and make its determination based on profitability, free cash flow and the other requirements of the business."/>
Empire Resources Declares 53rd Consecutive Regular Quarterly Dividend
Lincoln Electric Holdings, Inc., announced today that it will release its second quarter 2016 results on Monday, July 25, 2016 prior to market open. An investor conference call and webcast will take place at 10:00 a.m. later that day.. The conference call will be webcast live on the Company's Investor Relations home page at http://ir.lincolnelectric.com."/>
Lincoln Electric Schedules Webcast for Second Quarter 2016 Results
Essendant Inc. announced plans to report second quarter 2016 results on Wednesday, July 20, 2016, after close of market. In connection with the earnings release, Essendant will host a conference call the following morning on Thursday, July 21, 2016, beginning at 7:30 a.m. Central Time. The press release containing the full text of the earnings announcement and accompanying financial tables, along with a financial slide presentation..."/>
Essendant To Report Second Quarter 2016 Results
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter ended March 31, 2016.. Financial Highlights 2016 2015---------------------------------------------------------------------------- Total Revenues $46,304 $45,501---------------------------------------------------------------------------- EBITDA---------------------------------------------------------------------------- Adjusted EBITDA---------------------------------------------------------------------------- Net income/---------------------------------------------------------------------------- Adjusted Net income/---------------------------------------------------------------------------- Earnings/ per share basic and diluted---------------------------------------------------------------------------- Adjusted earnings/ per share basic and diluted---------------------------------------------------------------------------- Average Number of Vessels 72.7 65.1---------------------------------------------------------------------------- Time..."/>
Star Bulk Carriers Corp. Reports Financial Results for the First Quarter Ended March 31, 2016

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